ECONOMICS
ECONOMIC SYSTEMS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
They have put everyone to work and have no unemployment
|
|
|
They have relied primarily on farming to keep their economy going
|
|
|
They have developed strong technology companies in their economy
|
|
|
Israelis have refused to import oil, saving huge amounts of money each year
|
Detailed explanation-1: -Israelis have made up for their lack of natural resources because: They have developed strong technology companies in their economies. The industry that the government of Saudi Arabia heavily control is: The oil industry.
Detailed explanation-2: -Israel’s quality higher education and the establishment of a highly motivated and educated populace is largely responsible for ushering in the country’s high technology boom and rapid economic development by regional standards.
Detailed explanation-3: -Israel consistently ranks high among the world’s economies in terms of its technological readiness, venture capital availability, and the quality of its research organizations. The country ranks 1st in availability of scientists and engineers, number of start-ups per capita, and venture capital investments per capita.
Detailed explanation-4: -How has Israel made use of technology in developing its land? Israelis have built a system of pipelines, canals, and tunnels that carry water rom the Sea of Galilee and is pumped southward through the system to irrigate parts of the Negev Desert-Israel’s driest region.